Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-05-11


last three years. There has been TOO
much ever Prodnction In barb wire
feneinz.@ Ths TIVE frms have made no
preferences Of creditors before dscidinQ
% any plan Of procedure. Sherman 3
Marsh have been doing businass for
nine years and are licences uadsR the
Nashbafa Moeo Hannfactnsin0 Con.
pany. They bad entertained good hopes
Of dolne fine bastness this spring, bus
their hopes are eHectaally hliehted. The
Schnasoslis 4 %. failure 10 das 20 she
sane cause - the sther. The frms
virtually ihe same ATm.
Each arm was on the others paper.
The principal creditors are Washburn
4 Moen Manufacturips Company, Com
DeFoial National Bank, Americas
Wire Company. Mercantile Loan
a Trust Company. The Il. p.
i Nail Company. the Iowa BARB Wire
ComPany, the New Haven Wire CON-
pany, John A. Rsebiings, Sons 4 Co,
and the Cambria Iron Company. A
large share Of unsecured debts are due
60 the Washburn a Hosn and the
ROeblinRs companies.
Agisaaed RaHiroaa CIreles.
DxxvxR. May I0.-Railroad circles in
Denver are agitated By the fast that
several trunk lines. that have heretofore
upheld the payment Of commissions TO
| and have aeceded 10 the trunk lines
Much curiosity IL developed as to the
position 10 Be assumed By the Denver 4
Rio GFande nov THAI all its immediate
connections are Withdrawn from its
support. An Associated Press reporter
called upen s. K. Hooper, the General
Passenger Agent OF that road
here, today, and vas Informed
that the BIO GPande vas net yet pre-
pared 30 abandon the position which
had been assured, and that be expected
10 maintain 10 till the road found itself
entirely without support, or the antici-
pated suis Of the Rock Island and Alton
lines should b decided adversely to his
position.
ChIaese knights sf Labor.
NV YoRK, May l0.-Distries Assem-.
bly, No. 49, Knights Of Labor, has been
quietly organizing the Cinnamon into
Knights Of Labor Assemblies. Thera
are two Assemblies in this city nov.
They are mixed assemblies. including
eigarmakers aad laundrynen. ALI the
members are Ohineso, and they numbeF
fully 600. The master voFkmen are
Chinese.
Trade Dollar Redemption.
WASHINGTON, May l0.-Reports re
osived at the Treasury Department |
show that 6 sos, ,426 trade dollars have |
been redeemed to date. The principal |
redemption was in Philadelphia. Tns /
law authorizing the redemption Of trade
dollars has already been in operation /
over two months and has nearly four /
months to run. Il vas originally esti-
mated that there were about seven mil
lion of these coins in this country, and
redemptiOns show that the estimates is
nearly correct. Information from
China and Japan may swell the amount
to eight million dollars.
A strike Condemned.
PITTsBURG. May lo.-In an interview
today, A. NJ. Carlton, Of the General
Executive Board Of the Knights Of La
Dor, condemned the strike Of the
Knights in the coke regions. Said be:
whenever our men agree to submit
their case to arbitration they are bound
to submit to ID, no difference what the
decision may be. Arbitration is our
grand principle. II We submit q case to
arbitration We would expect the other
side to abide by il IL 1t were decided in
our favor. Now, when it is against us.
and We dOn's submit, then how can we
approach the other side again and ask
for arbitration?"
Half q RIoek Destroyed,
SAN Francisco, May TO- Shortly be
fore 8 O'Clock this afternoon q IRE
broke out in q hay barn of SCOTT &
MoOord on the east side Of Stewart
street, between Howard and Folsom.
The FIRE spread to the boat building |
sheds OF 81 Supervisor Griffin adjoin-
ing, which were burned. Hsaly &
S0mers' hay barn was sls0 adjoining
Scott 4 BcCord's place. This and the
Cermine Island Salt C0mpany's build
ing, South HaFboF Police Station and
several saloons we're also destroyed. AT /
3 o'clock nearly half Of the block /
bounded by East Howard. Stewart and
Folsom was burned. A plumbinR shOp /
and boarding house were also burned
on Stewart street. On Folsom street
a saloon and ship carpenter's shop we're
destroyed. Healy & SomeFs' loes. 5000; |
Scott 4 MoOerd, 5000, insurance,
1900; Chas. Osman. owner Of several /
saildings, loss, fl0.0o0. insured, 5000. |
The other losses make a total loss Of |
about $40 900. The total insurance IL |
1900. Tbs IRE Ia supposed to have |
originated in an ash barrel.
Pacific Railway Investigation.
NEw YosK, May 1O.-The Pacific rail
way investigation brought out today, In |
the testimony Of William Bond, the for |
meF President Of the Sc. SOssph 4 Den |
YER Railroad and serving as its receiver
from 1873 70 1879, the fact that the road |
paid ne bonds of interest uBtil after the |
consolidation With the Union Pacific, |
when the interest was guaranteed BY |
tariff contract. After the consolidation |
the value of the bonds advanced rapidly. |
jay GoHld vas large holder OF secori- /
ties Of the company.
George Arents, q Wall street broker.
/ testified THAI the bends Of the Kansas d
NebEasks and st. Joseph a Western
roads, sold for q cents In 1873 and 1873
and as high as S. vas paid for seconds.
AFtemus II. Holmes recalled the qaes-
tiOn ab0at the pooling OF the Kansas
| Pacific, Denver Pacific and Union Pa
cifie. He admitted that be had con-
versed With Gould, Sage and Dillon
about the matter, bat claimed sxemp-
tion from testifyinR as 10 the converse
sions held With clients. when asked II
the pooliRR arrAngement would not have
| prsfitsd ~ the lease OF the Kansas Pa
| ciia and Denver Pacific, h0lmes said
that the Uuioa Pacific was prohibited
from leasing before the pooling arrange
ment. NsitheF OF the roads we're per
miIted 70 earn anything. The 5000
600 worth Of stock Of the Denver Pseifc
released from trust Vas transferred 10
the Kansas Pacific and used in aequiF-
Tag branch rUada, etc. The sellers,
Gould, SsRs, Dillon aud others, FsosiEed
therefor Union Pacies stosk.
Adjourned
Tha senteaee ef Death-
CTTI OF MKxIoo, May l0.-The sen
tence Of death, which has been pro